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20121129
20121207
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're going over the cliff. >> america edges closer to the "fiscal cliff" with no compromise in sight. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice they are going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning. it's monday, december 3. i'm hockey. >> michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:30. the rain is past for now but some of the effects continue from all the days of downpours last week. one of the biggest is a large sinkhole on mountain view drive in lafayette, a road hazard as well as a health and safety issue. cbs 5 reporter elissa harrington is live at the scene right now. luckily, no one was hurt. >> reporter: luckily nobody was hurt, but the sinkhole got close to homes. i want to show you
. the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he is car
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